She had come to me asking for advice on how to approach the meeting and traps she might encounter. Their reputation within their community had grown specifically because they were not (just) "in it for the money" and they had so far managed to evade overtures from both VC's and big, global brands that might sully the purity of their ambition and turn them into a pure money making machine, thereby forsaking those that they had built their foundation on. This particular co-founder firmly stated that she fell in the first category - they had identified a pain point in their industry and had set about building a solution.
Of course the dream for many is to found a startup that is a combination of both of the above - but those are rare unicorns indeed. Those who want to make lots of money, fast.Ones that are passionate about solving a problem and building a lasting legacy.I broadly come across 2 archetype founders :.
She was excited and perhaps a bit flattered that their startup had hit the radar of this company and she was eager to explore opportunities for collaboration.īut she got a bit nervous when she heard that the meeting would include members of the M&A team as while they were in the throws of a Series A round, they certainly weren't looking to be bought out at this early stage. A short while ago I was having a conversation with the co-founder of a startup that had been invited to an exploratory meeting with a big, global brand in their industry.
0 kommentar(er)
